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CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd.

Penn West Petroleum Ltd. · Jan 18, 2012 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 1
    CIBC 15th Annual Whistler Institutional Investor Conference January 18 21, 2012
  2. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 2
    Penn West Corporate Profile Listing NYSE: PWE TSX: PWT Market Capitalization (1) 10 Billion Shares Outstanding (Q3 2011) 470 million Liquidity (shares/day) 3.0 million 2011 Production Forecast 162 164 mboe/d (66% liquids) Average…
  3. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 3
    North American Peers Production 100,000 500,000 boe/d Liquids Exposure Gas Oil & NGL 100% Oil & NGL Production (%) 80% 60% 40% 20% 0% Source: Company reports 5
  4. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 4
    Strategic Direction Adding Value Field Netback Comparison Oil Gas 72 Netback (/boe) 10 Converted 6:1 Price assumption: US100/bbl WTI, CDN3/mcf AECO, US/C FX par. Note: Definitions of non-IFRS terms can be found on page 19,…
  5. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 5
    Business Environment Market Access 100 per barrel 100 115 per barrel per barrel 115 per barrel Source: CAPP 7
  6. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 6
    2012 Capital Program & Guidance 2010 2011 2012e Tight Oil Development Drilling Four Trends 25% 35% 85% Large Inventory Resource Appraisal Drilling Joint Venture & Partnership Enhanced Oil Recovery 75% 65% 15% Tight Oil…
  7. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 7
    Light Oil Development Penn West has the most leverage to large scale oil development using horizontal Carbonates multistage technology in North America Cardium Inventory Viking to drive 5 10 years Growth Penn West land…
  8. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 8
    Carbonates Light Oil Development Focused Drilling Program Carbonates Trend 380,000 net acres Carbonates 4,500 5,500 boe/d incr. production (2011e) 40o API crude quality 2011 capital estimate: 220 - 250MM 2011 well count: 38 - 44…
  9. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 9
    Carbonates Light Oil Development Drilling Program R20 R1W5 250 miles T95 Sawn Lake Slave Point Penn West land PW Forecast 2012 well Red PW 2011 well Otter Earth PW 2010 well Industry well 225 miles Peace River Slave…
  10. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 10
    Cardium Light Oil Development Focused Drilling Program Cardium Trend 665,000 net acres 7,500 - 8,500 boe/d incr. production (2011e) 40o API crude quality 2011 capital estimate: 350 - 450MM 2011 well count: 90 - 110 2012…
  11. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 11
    Cardium Light Oil Development Focused Drilling Program R10W5 120 miles T50 115 miles Alder Flats T45 West Pembina Willesden Green T40 Red Deer Penn West land PW Forecast 2012 well PW 2011 well PW 2010 well…
  12. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 12
    Unconventional Resource Appraisal Cordova Shale Gas Joint Venture Peace River Oil Partnership EOR Penn West land position 14
  13. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 13
    Strategic Direction Adding Value 66% Liquids 57% 51% Light Oil Dec 2011e Liquids 39% Light Oil Jan 2010 15
  14. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 14
    Balance Point Proving Oil Potential / Prudent Financial Management Oil Development Dividend Financial Management 16
  15. CIBC 15TH ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE – Penn West Petroleum Ltd. – slide 15
    Stock Exchange Investor Relations Toronto: PWT Jason Fleury, Senior Manager, Investor Relations New York: PWE Telephone: (403) 539-6343 Email: jason.fleurypennwest.com Legal Counsel Burnet, Duckworth & Palmer LLP Toll Free:…

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